Mercantile Bank

Mercantile Bank Corp. operates as a bank holding company for Mercantile Bank of Michigan. It offers checking and savings accounts, credit and debit cards, mobile and Internet banking, business loans, mobile wallet, health savings account, and treasury management services. The company was founded on July 15, 1997 and is headquartered in Grand Rapids, MI.

Earnings data Q1 2021

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Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Mercantile Bank excels in Q4 2022, eyes strategic expansion

Mercantile Bank's Q4 2022 showcased strong financial performance, with a focus on maintaining asset quality and expanding strategically. Challenges in the real estate sector and reduced noninterest income were noted. The bank is capitalizing on opportunities through branch network optimization and market disruption.

Mercantile Bank (MBWM) reports robust Q1 earnings and eyes growth opportunities

Mercantile Bank's Q1 2023 performance showcased strong earnings growth, robust asset quality, and a focus on stability and community banking. While facing challenges in interest rate risk management and expense control, the bank can capitalize on opportunities in loan growth, construction lending, and operational efficiency. By maintaining its strengths and addressing challenges effectively, Mercantile Bank is poised for continued success in a dynamic economic environment.

Mercantile Bank reports strong Q2 earnings amidst economic uncertainties

Mercantile Bank's Q2 performance reflects solid earnings and a focus on community support. While facing challenges related to potential economic downturns and mortgage lending, the bank remains well-positioned with strong asset quality and proactive risk management. Opportunities in deposit initiatives, tax credit business, and mortgage banking present avenues for future growth.

Mercantile Bank (MBWM) reports robust Q3 earnings and strategic leadership transition

Mercantile Bank (MBWM) delivered strong financial performance in Q3 2023, with a focus on core strengths in commercial lending, asset quality, and expense control. While facing challenges such as declining net interest margin and provisions outlook, the bank is well-positioned to capitalize on opportunities for deposit and fee income growth. Strategic leadership changes were announced, with a smooth transition planned for the CEO role.

Mercantile Bank posts solid earnings amidst margin challenges and opportunities

Mercantile Bank delivered strong earnings and commercial loan growth in Q4 2023, despite challenges in net interest income and margin compression.
The bank's focus on technology investments and strategic repricing positions it well to navigate market uncertainties and optimize margins.
Opportunities for market share gains, margin optimization, and continued loan growth present avenues for sustained performance and shareholder value.
Maintaining a cautious approach to buybacks while emphasizing capital strength reflects prudent risk management in a dynamic market environment.

Mercantile Bank posts robust Q1 earnings amidst leadership transition

Mercantile Bank delivered solid financial performance in Q1 2024 with strong earnings and asset quality
While facing challenges in margin outlook and credit quality, the bank maintains a stable regulatory capital position
Opportunities lie in optimizing fee income, exploring strategic transactions, and navigating leadership transition

Mercantile Bank reports solid Q2 earnings amidst margin challenges

Mercantile Bank's Q2 2024 performance reflects a mix of strengths, challenges, and opportunities, with a focus on diversifying income sources and managing expenses.
The bank's strategic initiatives to grow commercial loans and improve asset quality position it well for future growth and stability.
While facing challenges in net interest margin and expense management, Mercantile Bank's strong capitalization and forecasted stability offer a solid foundation.
Navigating the balance between loan growth, credit quality, and capital allocation will be key for Mercantile Bank's sustained success in the evolving financial landscape.

Mercantile Bank reports solid Q3 growth amidst profitability challenges

Mercantile Bank's Q3 2024 performance reflects steady growth in deposits and loans, though challenges in net interest income persist.
The bank's strong asset quality and capital position provide a solid foundation for navigating market dynamics and seizing growth opportunities.
Strategic focus on optimizing the loan-to-deposit ratio and addressing margin expectations will be key for sustained profitability and competitiveness.

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Mercantile Bank Corporation's Q3 2024 results exceeded analyst expectations, with revenue and profits higher than anticipated, despite a year-over-year decline in net profits. The stock has risen 26.1% since April, outperforming the S&P 500, but asset quality concerns and potential interest rate cuts prompted a downgrade to “buy.”. Net interest income increased due to reduced credit loss provisions and higher interest-earning assets, though net interest margin continues to decline.

A Great Quarter Is A Great Time To Downgrade Mercantile Bank Corporation

Mercantile Bank Corporation (NASDAQ:MBWM ) Q3 2024 Earnings Conference Call October 15, 2024 10:00 AM ET Company Participants Nichole Kladder - First VP and Chief Marketing Officer Raymond Reitsma - President and CEO Charles Christmas - EVP and CFO Conference Call Participants Brendan Nosal - Hovde Group Daniel Tamayo - Raymond James Nathan Race - Piper Sandler Damon DelMonte - KBW Operator Good morning, and welcome to the Mercantile Bank Corporation 2024 Third Quarter Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.

Mercantile Bank Corporation (MBWM) Q3 2024 Earnings Call Transcript

The headline numbers for Mercantile Bank (MBWM) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Mercantile Bank (MBWM) Reports Q3 Earnings: What Key Metrics Have to Say

Mercantile Bank (MBWM) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.30 per share a year ago.

Mercantile Bank (MBWM) Beats Q3 Earnings and Revenue Estimates

Robust local deposit and commercial loan growth and sustained strength in asset quality metrics highlight quarter GRAND RAPIDS, Mich. , Oct. 15, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $19.6 million, or $1.22 per diluted share, for the third quarter of 2024, compared with net income of $20.9 million, or $1.30 per diluted share, for the third quarter of 2023.

Mercantile Bank Corporation Announces Strong Third Quarter Results

Board declares $0.36 regular quarterly cash dividend on common stock, providing for a current annual yield of approximately 3.5 percent  GRAND RAPIDS, Mich. , Oct. 15, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on October 10, 2024, its Board of Directors declared a regular quarterly cash dividend of $0.36 per common share, payable on December 18, 2024, to holders of record as of December 6, 2024.

Mercantile Bank Corporation Declares Regular Cash Dividend

Besides Wall Street's top -and-bottom-line estimates for Mercantile Bank (MBWM), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.

What Analyst Projections for Key Metrics Reveal About Mercantile Bank (MBWM) Q3 Earnings

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GRAND RAPIDS, Mich. , Sept. 30, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.

Mercantile Bank Corporation Announces Third Quarter 2024 Results Conference Call and Webcast

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Mortgage loan originations and commercial loan growth led to a positive market reaction. Loan to Deposit ratio is improving, but still high at 107%, with management aiming to bring it down to around 95%. MBWM may currently be overvalued, leading management to set aside a possible buyback and focus on maintaining capital ratios.

Mercantile Bank: Q2 2024 Earnings Spike The Price

Mercantile Bank Corporation (NASDAQ:MBWM ) Q2 2024 Earnings Conference Call July 16, 2024 10:00 AM ET Company Participants Nichole Kladder - First VP & Chief Marketing Officer Raymond Reitsma - President, CEO & Director Charles Christmas - CFO, EVP, Treasurer of Mercantile, EVP & CFO Conference Call Participants Brendan Nosal - Hovde Group Daniel Tomayo - Raymond James Financial Nathan Race - Piper Sandler Companies Damon DelMonte - KBW Operator Good morning and welcome to the Mercantile Bank Corporation 2024 Second Quarter Earnings Conference Call. [Operator Instructions].

Mercantile Bank Corporation (MBWM) Q2 2024 Earnings Call Transcript

Mercantile Bank (MBWM) came out with quarterly earnings of $1.17 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.27 per share a year ago.

Mercantile Bank (MBWM) Meets Q2 Earnings Estimates

Strong local deposit and commercial loan growth and ongoing strength in asset quality metrics highlight quarter GRAND RAPIDS, Mich. , July 16, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $18.8 million, or $1.17 per diluted share, for the second quarter of 2024, compared with net income of $20.4 million, or $1.27 per diluted share, for the second quarter of 2023.

Mercantile Bank Corporation Announces Solid Second Quarter Results

Board declares $0.36 regular quarterly cash dividend on common stock,  providing for a current annual yield of approximately 3.4 percent GRAND RAPIDS, Mich. , July 16, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on July 11, 2024, its Board of Directors declared a regular quarterly cash dividend of $0.36 per common share, payable on September 18, 2024, to holders of record as of September 6, 2024.

Mercantile Bank Corporation Increases Regular Cash Dividend

Besides Wall Street's top -and-bottom-line estimates for Mercantile Bank (MBWM), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.

What Analyst Projections for Key Metrics Reveal About Mercantile Bank (MBWM) Q2 Earnings

Mercantile Bank (MBWM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Mercantile Bank (MBWM) Q2 Earnings Expected to Decline

GRAND RAPIDS, Mich. , June 27, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.

Mercantile Bank Corporation Announces Second Quarter 2024 Results Conference Call and Webcast

GRAND RAPIDS, Mich. , June 3, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) implemented the following resignations and appointments, in furtherance of its previously announced management succession plan, effective as of June 1, 2024: Robert B.

Mercantile Bank Corporation Implements Management Succession Plan

Mercantile Bank Corporation (MBWM) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for Mercantile Bank (MBWM) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Mercantile Bank (MBWM) Reports Q1 Earnings: What Key Metrics Have to Say

Mercantile Bank (MBWM) came out with quarterly earnings of $1.34 per share, beating the Zacks Consensus Estimate of $1.14 per share. This compares to earnings of $1.31 per share a year ago.

Mercantile Bank (MBWM) Q1 Earnings and Revenues Top Estimates

Strong local deposit growth, sustained strength in asset quality metrics and noteworthy increases in several noninterest revenue streams highlight quarter GRAND RAPIDS, Mich. , April 16, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $21.6 million, or $1.34 per diluted share, for the first quarter of 2024, compared with net income of $21.0 million, or $1.31 per diluted share, for the first quarter of 2023.

Mercantile Bank Corporation Announces Robust First Quarter Results

Mercantile Bank Corporation is a small bank with consistent revenue and profit growth, making it an attractive investment opportunity.

Mercantile Bank: A Fantastic Prospect For Investors To Bank On

Besides Wall Street's top -and-bottom-line estimates for Mercantile Bank (MBWM), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.

News for Mercantile Bank Stock (MBWM)